Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street. Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer, David Faber, and post nine of the New York Stock Exchange. Pre-market is lower as that 10-year does hit 427 on the back of these red-hot retail sales numbers, seven-tenths. Meantime, China with that

surprise rate cut and Home Depot gets this week's earnings train going. Our roadmap's going to

begin with retail, though. July sales coming in stronger than expected, while Depot does post

a quarterly beat despite a decrease in cops. Also ahead Warren Buffett's Berkshire Hathaway discloses

it's bought home building stocks that include

D.R. Horton and Linar. That was a second quarter purchase. And we've gotten another

warning from Fitch this time the rating agency is telling CNBC it may be forced to downgrade

dozens of banks that could include J.P. Morgan Chase.

That's crazy.

Let's begin with the markets, though, Jim.

There had been a lot of credit card data that said retails was going to come in pretty

strong here.

Right.

Well, look, the fetus to Titan, and we know that.

I just don't want a big Jackson hole, you know, boom.

But the economy, the consumer's strong, the enterprise is strong.

The weakness is, what, in trucking, in some really bad retailers?

Yeah, David, at times you have to play a game where you find where there's weakness.

And I need to know where there's weakness. Give me some weakness. China. Oh, well, you see, but that's not in America. Go to China, young man. China's not in America. You just want to give you a little. Oh, well, you didn't specify. No, I'm just saying that the home. You didn't specify geography, just to be fair.

You said, find weakness.

I told you weakness.

Absolutely. China's weak. Thank you. As a matter of fact, I'm not going to give out numbers about unemployed young people because they should all be in school anyway. Well, they are all in school, right? They should be in school. It's potentially inaccurate because many of them are in school, so you don't want to do that.

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